Ecolab (ECL) PriceWatch Alert Support Down To $37.92

Posted: Monday, June 29, 2009 8:07 AM EDT

Ecolab (NYSE: ECL) ended the last trading session at $38.63. So far the stock has hit a 52-week low of $29.27 and 52-week high of $52.16. Ecolab stock has been showing support around 37.92 and resistance in the 39.86 range. Technical indicators for the stock are Bullish and S&P gives ECL a positive 4 STAR (out of 5) buy rating. ECL appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Aug '09 37.50 covered call (ECL HU) for a net debit in the $36.43 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 5.70% downside protection and a 2.94% assigned return rate for a 19.85% annualized return rate (comparison purposes only). Ecolab has a current annual dividend yield of 1.47%. [For more information on these strategies along with more details on possible risks go to www.iotogo.com/HPWAinfo]

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